The offers are not identical, as FanDuel offers $200 in bonus bets while BetMGM offers $150. Prior to the DraftKings change, nearly every other aspect of the promotions was the same, including the lack of a minimum odds requirement for qualifying wagers.

Deposit $10, bet $5 on any market with minimum odds of -500, and claim $150 in bonus bets even if you lose your original wager. A first-bet safety net up to $1,000. Opt for this promotion and bet365 will give you a bonus bet equal to your stake, up to $1,000, if you lose your first bet.

The approval process requires operators to be investigated by state officials and meet the requirements and rules to obtain a license.